member - Catholic Federal CU

WINTER 2016
member
P R ES I D ENT’ S ME SSAGE
60 Years and Counting!
Founded by Monsignor Harold J. Bolton, St.
Mary’s Cathedral Federal Credit Union had its
charter issued by the National Department
of Health, Education, and Welfare on March
9, 1956. This was the beginning of Catholic
Federal. In February we will celebrate our 60th
Annual Meeting of the Membership. We are all
very excited for 2016 with special things planned for current and
future members. In this quarter’s newsletter I want to share some
of the obscure but interesting facts of our Credit Union’s history:
YEARS
•
April 1956 – The very first Financial Statement reported
assets of $8,841 and an operating loss of $10
•
January 1969 – Deposit was made putting total assets
over $1 million
•
August 1974 – Credit Union name changed to
Catholic Federal
•
October 1979 – New members had to wait 90 days before
applying for a loan (that would not go well these days)
This year, Catholic Federal hit a major milestone, as we celebrate 60
years of member service.
•
September 1984 – Hoyt Street, Saginaw office closed
•
October 1986 – Cass Ave, Bay City office purchased
YOU have a chance to win $1,956! Share your best story about
how Catholic Federal helped you improve your financial well-being.
Stories will be judged by a Catholic Federal panel, and the winner will
receive a check for $1,956 in commemoration of the year Catholic
Federal was founded. For official contest rules and to submit your
story, visit us online at www.cathfcu.com.
•
March 1997 – NCUA first contacted to expand our field of
membership across the Diocese of Saginaw
•
June 2006 – Total assets exceed $200 million
•
March 2012 – Total assets exceed $300 million
•
June 2012 – Office is opened on S. Washington, returning
CFCU to the Cathedral District
Join us! Catholic Federal’s 60th Annual Meeting & Dinner/Dance
Saturday, February 20, 2016 • Horizons Conference Center
5pm Meeting & Prize Drawings • 6pm Buffet Dinner
7:30 – 11pm Live Entertainment by “The Rock Show”
•
January 2015 – NCUA approved adding all St. Mary’s of
Michigan employees to our Field of Membership
•
2016 – We anticipate more exciting things that will further
grow the success of Catholic Federal in our 60th year!
Tickets will be on sale Tuesday, January 19, 2016 at all locations
and over the phone. Cost: $25 per member
Thank you for your membership
1956-2016
We hope you will join us in celebrating!
(Limited to 2 tickets per member account and the primary member must be at least 16 years of age or greater)
D E P O S I T C H E C KS
Ju s t T ap , Sn a p , De po s i t
Now Available in Mobile B anking
Federally Insured by NCUA.
Alan
ANN LAGALO
2015 DEBORAH L. FRISCH
E MPLOYEE OF T H E YEAR
Ann Lagalo was chosen as the 2015
Deborah L. Frisch Employee of the Year.
Annually, credit union management staff
selects one employee that has displayed
exceptional work performance; service to the membership
and dedication to the credit union goals.
“Management and the Board of Directors are very proud
to celebrate the accomplishments of Ann Lagalo, while
honoring the memory of our good friend Deb Frisch,” stated
Alan Watson, President/CEO. “ This is a very special award
and just one of the things that separates Catholic Federal as
a great place to work and handle your personnel finances.”
“It is very humbling to be chosen by the management staff
as the 2015 employee of the year,” said Ann Lagalo. “Deb
has impacted many lives here at Catholic Federal and it is
truly an honor to carry on the Deborah L. Frisch legacy.”
Ann has been employed at the credit union for over 15 years
and is currently the Loan & Member Service Supervisor.
Securing Social Security Seminar
S MART PHO N E S E C U RIT Y T I P S
With a rise in consumers depending on Smartphones to act as personal
computers, it is important to use security measures to keep any sensitive
information secure. The Identity Theft Resource Center, San Diego, Calif.,
recommends these best practices for mobile device users:
•
Password-protect your phone. Use a strong password (numbers,
upper- and lower-case letters, and symbols).
•
Enroll in a backup/wiping program. This service backs up information
on your smartphone to your home computer and “wipes” your phone
if it’s lost or stolen so no data remains on the device itself.
•
Install security software. Companies offer antivirus, malware,
and security software designed for smartphones. Make sure you
download software updates.
•
Download apps from trusted sources. Some “bad apps” contain
malware.
•
Install a “phone finder” app. These apps are designed to help you
find your phone if it becomes lost or stolen.
•
Checks URLs before making a purchase using your smartphone. Any
page that requires credit card information should start with https://. This means it is a secured site.
Do not access financial accounts from free, public networks. Public WiFi hotspots are a prime target for hackers who then have direct access
to your mobile device.
Source: ID Theft Resource Center. http://www.idtheftcenter.org/index.php/Fact-Sheets/fs-144.html
Presented by Franklin Templeton Investments
Social Security is fairly simple provided you
worked long enough to earn the required
number of quarters and were never married.
However, when you add two-income couples and/or divorce
into the mix—both historically high among baby boomers—the
decisions can become more complicated. Making the wrong
choices can result in less monthly income for the rest of your life.
Join our presentation to learn more about:
•
When to consider claiming Social Security benefits
•
How being married, divorced or widowed can potentially
impact your benefits
•
How benefits for one spouse can be affected based on when
and how the other spouse files
Wednesday, February 3, 2016 at 10am
Msgr. Forbes Scholarship
Applications Available
Catholic Federal’s 6180 State St., Saginaw Office
Attendance is limited. RSVP to Noah Ferrio at Catholic Federal
Advisory Services at 989.797.7194
This material is being provided for general educational purposes
only and should not be construed as investment, tax, or legal
advice, or as a solicitation to buy or sell any specific securities
product. We strongly advise you to consult with the appropriate
financial, legal or tax advisors about your specific circumstances
and individual goals.
All investments involve risks, including possible loss of principal. Investors should carefully consider a
fund’s investment goals, risks, charges and expenses before investing. To obtain a summary prospectus
and/or prospectus, which contains this and other information, talk to your financial advisor, call us at
(800) DIAL BEN/342-5236 or visit franklintempleton.com. Please carefully read a prospectus before you
invest or send money.
Franklin Templeton Distributors, Inc., One Franklin Parkway, San Mateo, CA 94403-1906
Not NCUA Insured | May Lose Value | No Credit Union Guarantee
© 2014 Franklin Templeton Investments. All rights reserved.
RSS CUINV 12/14
The college scholarships are available to
members of the credit union who are planning to attend or
are currently attending a college, university, community college,
or a trade or technical school. The award is based on the
student’s personal achievements, scholastic accomplishment,
financial need, community service and grade point average.
Since 1982, the scholarship committee has awarded more than
$1.6 million dollars and over 3,600 scholarships to students who
want to begin or continue their education.
Scholarship applications may only be submitted online at
www.cathfcu.com. The deadline to submit your application is
Saturday, March 5, 2016.
KEEP US
UPDATED!
NATIONAL WEBINAR SERIES
Are you getting ready to move or heading
south for the winter? Address changes
can be made through home banking or
by contacting the credit union. Important
credit union communication is unable to
be forwarded by the U.S. Postal Service.
FAFSA
BEFORE
▪ DURING ▪ AFTER
Tune in for helpful tips on:
JOIN US WEDNESDAY
▪
▪
▪
▪
▪
The latest Federal updates
What is the FAFSA
Preparing items for the FAFSA
Correctly completing the FAFSA
What to expect after the FAFSA
JANUARY 20, 2016
SESSIONS BEGIN AT 1pm EST & 6pm EST
If you’ve applied to college,
you need to fill out a FAFSA.
(Free Application for Federal Student Aid)
This may be the most vital piece of your
financial aid plan. It can also be long, confusing,
and time-consuming... which is where we help.
Sign up now for our FREE National Webinar:
FAFSA: Before - During - After
studentchoice.org/national-webinars
Effective 2/1/2016 the
Inactive Account Fee is
$10.00 per month.
Individual member notice is mailed
to the account holder’s address on
file prior to changing status.
ERIN’S STORY
When I made the decision to transfer to a university far from home, I knew I was going to
incur costs that I wasn’t sure I could afford. After I calculated how much in Federal loans
I would receive, I felt stuck and frustrated. It just wasn’t enough to pay for tuition, rent,
and everything else like textbooks and living expenses. Friends of mine recommended I
look into a private student loan solution at Catholic Federal Credit Union and it has made
ALL the difference in the last few years. The woman I worked with was so kind and helpful, making it simple
and easy to see why so many of my friends went there for their student loan needs. The personalized member
service I received is the main reason they are still my primary credit union today, even though I’m living a few
hours away. The extra loan for the next couple of years helped me afford a place to stay in a safe neighborhood,
and it covered the cost of all my textbooks and extra class expenses while I successfully completed my college
education. Today, just a few years after applying for my first loan at Catholic Federal, I am the new Executive Director at a local nonprofit called
Open Roads Bike Program. We teach youth bike mechanic skills and social skills in order to better prepare them for their future, and I am so
grateful to be in this position. Thanks to my local credit union, I was able to be better prepared for MY future and the career I am in today!
-Erin Denay
For more information on Catholic Federal’s private student loan solution visit http://cathfcu.studentchoice.org
JOIN US
All Catholic Federal members age 50 and better are invited to attend Today And Tomorrow
seminars and events.
United States Secret Service 6180 State Street
Saginaw, MI 48603
989.799.8744 n 800.798.2328
Fax: 989.799.8839
Tuesday, February 2, 2016 • 10am-11am
Catholic Federal’s 6180 State St., Saginaw office
Did you know the Secret Service’s initial responsibility was to investigate counterfeiting of U.S.
currency, which was rampant following the U.S. Civil War? The agency then evolved into the United
States first domestic intelligence and counterintelligence agency.
Brian Lambert, Resident Agent in Charge, at the Saginaw Secret Service office will present the
history of the Secret Service and information on how to recognize fraudulent money.
Office Hours:
Monday - Thursday 9 a.m. to 5 p.m.
Friday 9 a.m. to 6 p.m.
Saturday 9 a.m. to 1 p.m.
Drive Thru:
Friday 8 a.m. to 6 p.m.
Saturday 9 a.m. to 1 p.m.
1002 South Washington
Saginaw, MI 48601
989.799.8744 n 800.798.2328 ext. 200
Fax: 989.755.4101
Steps to Financial Freedom
Wednesday, February 17, 2016 • 10am-11am
Catholic Federal’s 6180 State St., Saginaw office
Achieving lifelong financial success can sometimes seem like an overwhelming task. However,
developing a step-by-step plan can help you gain long-term control of your finances. Setting goals,
communicating with family members, creating a budget, building savings, reducing debt, evaluating
insurance, and buying a home are some of the topics covered in Steps to Financial Freedom.
This seminar is presented by ACCEL, a program of Greenpath, Inc. Accel is a free financial
education and counseling service for members of the credit union.
Euchre Tournament
Wednesday, March 16, 2015 • 10am-12:30pm
Bay Valley Resort & Conference Center 2470 Old Bridge Road, Bay City
Deal me in! Join us for a fun morning of cards. Each player plays for themselves and players will
have a different partner for each game. Space is limited, RSVP is required for this event, and light
refreshments will be served.
To RSVP for a TAT seminar or event, call 989.799.8744 ext. 111.
Office Hours:
Monday - Friday 9 a.m. to 5 p.m.
1504 Cass Avenue
Bay City, MI 48708
989.799.8744 n 800.798.2328 ext. 300
Fax: 989.895.8115
Office Hours:
Monday - Thursday 9 a.m. to 5 p.m.
Friday 9 a.m. to 6 p.m.
915 South Euclid
Bay City, MI 48706
989.799.8744 n 800.798.2328 ext. 400
Fax: 989.667.5364
Office Hours:
Monday - Thursday 9 a.m. to 5 p.m.
Friday 9 a.m. to 6 p.m.
Saturday 9 a.m. to 1 p.m.
3015 Center Avenue
Essexville, MI 48732
989.799.8744 n 800.798.2328 ext. 600
Fax: 989.891.1015
Office Hours:
Monday - Thursday 9 a.m. to 5 p.m.
Friday 9 a.m. to 6 p.m.
YEAR END
AVerification
N N UofAaccount
L Abalances
U DareI T
334 Division Street
Vassar, MI 48768
989.799.8744 n 800.798.2328 ext. 259
Fax: 989.823.3621
made as a part of our regular periodic
audit. Please reconcile your account
information on your statement with
your records.
If the information is CORRECT
then no reply is necessary.
Melissa Egeler
Marketing Assistant
OCTOBER
Yvonne Metiva
Branch Manager
Elizabeth Orange
Express Telephone
989.799.8813 n 800.475.2338
Member Solutions
NOVEMBER DECEMBER
Federally Insured by NCUA.
© CUAdvantage.com • 877.799.0784
If it is INCORRECT, please contact
Nicole Klee at Rehmann
at 989.797.8345.
Office Hours:
Tues., Wed., Fri. 9 a.m. to 5 p.m.